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IN CONSIDERATION of the amount of [$------], this mutual release and other valuable consideration received, ________ [Name] and ________ [Name] relieve, releases and discharges each other, their heirs and assigns from all claims and liabilities or obligations whether flowing from contracts, lawsuits or any other source and that will have arisen on or before the date of this release.
Both parties agree not to molest, harass, interfere with, or impose any restraint upon the other, except as set out in this mutual release.
In connection with this mutual release and the transactions contemplated hereby, each party to this mutual release will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this mutual release and the transactions contemplated hereby.
This mutual release is of a personal nature and may not be assigned.
Transfer Of Rights. This mutual release shall be binding on any successors of the parties.
Governing Law. The parties hereby expressly acknowledge and agree that this mutual release is entered into in the State of [STATE] and, to the extent permitted by law, this mutual release shall be construed, and enforced in accordance with the laws of the State of [STATE].
ACKNOWLEDGEMENT BY NOTARY PUBLIC
State of ________)
On ________, before me, ________, Notary Public, personally appeared ________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Name of Notary
My Commission Expires